Stephen Koukoulas tips rate cut next week and another to come
Larry SchlesingerDecember 7, 2020
Economic columnist Stephen 'The Kouk" Koukoulas has tipped the RBA to cut the cash rate to 2.75% next week.
He earlier tweeted that if the RBA was serious, it would cut by 50 basis points.
He said the RBA would not do so, but could could cut the cash rate twice by 25 basis points over the next few months.
He earlier tweeted about the 5.5% drop in building approvals in March, released by the ABS today, with the remark that "...and still some argue against a rate cut".
Koukoulas heads up Canberra-based Market Economic, which provide independent analysis of economic and market conditions.
Larry Schlesinger
Larry Schlesinger was a property writer at Property Observer
